Apple Earnings: 3 Key Takeaways

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Things are looking a bit brighter for Apple  (AAPL) - Get Report on the China front. 

For the June quarter, Apple reported a revenue decline of 4% in China, compared to a 21% decline in the previous quarter. On a constant currency basis, revenue grew slightly in the region. 

Wearables were also a bright spot in the quarter, with Apple executives saying that 75% of customers who bought an Apple watch were buying them for the first time. 

While iPhone sales looked a bit sluggish, Apple investors have a few developments to look forward to this quarter. Those include the launch of the Apple Card, launches of Apple TV+ and Apple Arcade, and a lineup of new iPhones due to be announced in September.

Watch the video above to get more insight on Apple's earnings.

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